You can opt to join the Institute and Faculty of Actuaries (IFoA), based in the United Kingdom or the SOA Center for Certified Actuarial Analysts, a subsidiary of the Society of Actuaries (SOA), based in the United States.
Once you’ve qualified as a Certified Actuarial Analyst, are there routes to the IFoA Associate and Fellowship qualifications?
Having qualified as a CAA and gained some valuable work experience, you may wish to consider embarking on an actuarial career by undertaking the professional IFoA examinations through to Associate and Fellow.
The studying you have undertaken will prepare you for the core principle subjects, in particular the Actuarial Statistics (CS) and Actuarial Mathematics (CM) subjects, which we suggest you should attempt first.
The IFoA has developed a pathway to provide an opportunity to gain some exemptions from these two subjects. This currently involves some additional formal assessments to ensure that material not studied during your CAA has been appropriately covered. If you wish to continue with your professional studies and qualify as an actuary, through the IFoA examination route the following exemptions are available to you:
- Exemption from CS1 providing you sit a problem based assessment and a short paper (1.5 hrs) covering the gaps in the CAA syllabus
- Exemption from CM1 providing you sit a problem based assessment and a short paper (1.5hrs) covering the gaps in the CAA syllabus
These pathway assessments will be made available subject to candidate demand. As we will only run these assessments when there is sufficient candidate demand, please contact the Member Service team for guidance before committing to this study pathway.
Benefits of IFoA membership
If you decide to join the IFoA you will be eligible for benefits such as:
- Professional recognition
You are part of a highly respected profession. Your membership of a globally respected actuarial body will be recognised, wherever you are in the world
Your commitment to life-long learning and development allows you to enjoy a rewarding and successful career
You are part of a global community which will support your development and encourage you to share ideas and advice
Whether it is our extensive library resources, our exam counselling service, or guidance on ethical and technical enquiries that may arise in your day-to-day actuarial work we will support you no matter what stage of your career you are at
- Research and knowledge
You have access to a range of high quality focused publications, journals and events. You can contribute to and access original research that advances actuarial science
As a regulated professional you have credibility as an expert that is internationally recognised
- Promotion and policy development
You are a member of a Royal Chartered professional body with a remit to act in the public interest. We actively seek opportunities for actuaries to contribute to public policy debates, helping secure a healthy future for the profession
Please view our membership page on gaining Certified Actuarial Analyst membership to understand how to become a member of the IFoA now that you are qualified.
CAA Administration Team
CAA Global, c/o Institute and Faculty of Actuaries, 1st Floor, Park Central, 40-41 Park End Street, Oxford OX1 1JD
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This practical course is aimed at actuaries at any stage of their career who want to develop their own growth mindset and apply it to their work setting and personal or professional lifelong learning. The content of the course builds on the lecture given by Dr Helen Wright on Growth Mindset as part of the President’s 2021 Lecture series, and will be delivered over a period of 2 months, from mid-October to early December.
In this webinar, we will discuss how cause-of-death data from the Office for National Statistics can help us to understand how inequalities arise at the all-cause level. The key to understanding mortality inequality is to think about the chain that connects risk factors, relative risks, and cause-of-death mortality through to all-cause mortality.
The importance of biodiversity for finance, business and policy is being increasingly recognised. While many studies highlight the overall economic impact that biodiversity loss could have, it is much more difficult to quantify and understand the particular impact that is may have on individual businesses or communities. The management and measurement of these risks is a field where actuaries are well placed to contribute.
The climate crisis and the degradation of our planet will affect societies everywhere. How we address these threats will require solutions that transcend borders. As a global profession, the actuarial community is well-placed to consider and propose effective risk management solutions to help manage the climate crisis.
Join leading experts to discuss key issues, emerging ideas and new research across the general insurance sector.
Content will be aimed at all actuaries looking to understand the issues surrounding mental health in insurance and in particular those looking to ensure products and processes widen access for, and are most useful to, those experiencing periods of poor mental health.